Proliferation of regional trade agreements (RTAs) has been a striking development in the world’s trading systems since the mid-1990s.
Economic think-tank National Council of Applied Economic Research (NCAER) has questioned the usefulness of the Free Trade Agreement (FTA) which India signed with Thailand.
The Indo-Thai FTA is great news, but who will it benefit?
India and Thailand have agreed to moved faster in the direction of a free trade area (FTA) by reducing by half their applied levels of tariffs on 82 select commodities. This comes into effect from September 1, 2004.
Goods produced in Israeli settlements in the West Bank and Gaza Strip will no longer be allowed to enter the European Union tariff-free under an agreement initialed on Thursday.
Agreement has been reached in a wrangle between the European Commission and Israel over goods made in Palestinian territories in the West Bank and Gaza.
Commerce Minister Kamal Nath has put the proposed free trade agreements (FTAs) under the scanner amid fears that in many of the upcoming FTAs India might give away more than it would take, unless the country repositions its stance in many cases.
The Cancun round of WTO negotiations in Mexico last year ended in disarray, prompting countries to seek other means of freeing up trade.
Rules of origin (RoI) are emerging as one of the most important issues in the context of preferential trading relations of a country. They are a set of instruments, a lack of consensus on which can, and have, delayed several agreements on trade.
Regional trade agreements (RTAs) are an integral part of international trade, accounting for almost half of world trade and expected to grow further in the next few years. These agreements operate alongside global multilateral agreements under the World Trade Organization (WTO), and have both positive and negative effects.